Artisan Partners (APAM) Reports 2.9% Decline in April AUM

AUM and Revenue Trends - Artisan Partners reported preliminary AUM of $155.7 billion as of Apr 30, 2024, a 2.9$160.4 billion [1] - Artisan Funds and Artisan Global Funds accounted for $75.5 billion (48.4$80.2 billion (51.5%) [1] - The company's AUM has shown a five-year CAGR of 9.3% from 2018 to 2023, with continued improvement in Q1 2024 [1] - Net revenues have grown at a CAGR of 3.3% over the past five years, driven by a solid AUM balance and diverse product offerings [2] Product and Strategy Development - Artisan Partners has expanded its investment strategies with the launch of Value Income, Artisan Emerging Markets Local Opportunities, Artisan Global Unconstrained, and Artisan Emerging Markets Debt Opportunities Strategies in 2022 [2] - The company continues to invest in new teams, technological capabilities, and operational improvements to support long-term growth [2] Competitive Landscape - Victory Capital Holdings reported an AUM of $163.6 billion for April 2024, a 4$170.3 billion in March 2024 [5] - Franklin Resources reported preliminary AUM of $1.60 trillion as of Apr 30, 2024, a 2.5% decrease from the prior month, driven by negative markets and long-term net outflows [6] Market Performance - APAM shares have risen 23.4% over the past six months, compared to the industry's 27.9% growth [3]